Matrix Asset Advisors Inc. NY Grows Holdings in Costco Wholesale Co. (NASDAQ:COST)

Matrix Asset Advisors Inc. NY raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 64.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 894 shares of the retailer's stock after purchasing an additional 350 shares during the quarter. Matrix Asset Advisors Inc. NY's holdings in Costco Wholesale were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in COST. 3Chopt Investment Partners LLC purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $446,000. New Century Financial Group LLC grew its holdings in shares of Costco Wholesale by 15.0% in the second quarter. New Century Financial Group LLC now owns 474 shares of the retailer's stock worth $403,000 after purchasing an additional 62 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in shares of Costco Wholesale in the second quarter worth $2,667,000. Centennial Bank AR raised its holdings in Costco Wholesale by 1.2% during the 2nd quarter. Centennial Bank AR now owns 1,977 shares of the retailer's stock valued at $1,680,000 after buying an additional 24 shares during the last quarter. Finally, Brown Financial Advisors purchased a new stake in Costco Wholesale during the 2nd quarter valued at $1,328,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COST shares. Barclays raised their target price on Costco Wholesale from $850.00 to $940.00 and gave the stock an "equal weight" rating in a research note on Friday, December 13th. Jefferies Financial Group raised their price target on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Roth Mkm raised their target price on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a "neutral" rating in a research report on Friday, December 13th. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Thursday, January 9th. Finally, Evercore ISI raised their price objective on shares of Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Nine investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,013.59.

Costco Wholesale Stock Up 1.6 %

Shares of NASDAQ COST traded up $14.99 during midday trading on Thursday, hitting $979.01. The company's stock had a trading volume of 1,785,690 shares, compared to its average volume of 1,923,543. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market capitalization of $434.58 billion, a price-to-earnings ratio of 57.49, a price-to-earnings-growth ratio of 5.63 and a beta of 0.84. The business's fifty day simple moving average is $953.78 and its two-hundred day simple moving average is $906.03. Costco Wholesale Co. has a 1 year low of $691.50 and a 1 year high of $1,008.25.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale's payout ratio is currently 27.25%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.